Mortgage Rates in Pawtucket, Rhode Island — March 2026
Updated March 2026 | Based on Pawtucket market data and regional lending conditions
Pawtucket is a growing city in Rhode Island with a population of 75,604. The current 30-year fixed mortgage rate in Pawtucket is 6.67%, which is 0.02% above the national average. With a median home price of $285,000 and a 20% down payment of $57,000, homebuyers can expect a monthly principal and interest payment of approximately $1,467.
Current Mortgage Rates in Pawtucket, RI
Below are the current average mortgage rates available in the Pawtucket area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Pawtucket Housing Market Overview
The Pawtucket housing market offers relatively affordable housing compared to many major cities. The median household income in Pawtucket is $42,250, and the cost of living index is 100.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $79,457 to comfortably afford the median-priced home in Pawtucket, which exceeds the current median household income.
Monthly Payment Breakdown for Pawtucket
Based on the median home price of $285,000 with 20% down ($57,000), here is what you can expect to pay monthly in Pawtucket:
15-Year vs. 30-Year Mortgage in Pawtucket
Choosing a 15-year mortgage in Pawtucket at 5.91% instead of a 30-year at 6.67% would save you $183,780 in total interest over the life of the loan. However, your monthly payment would be $1,913 instead of $1,467 — an increase of $446 per month.
Calculate Your Pawtucket Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Pawtucket
What are the current mortgage rates in Pawtucket, RI?
As of March 2026, the average 30-year fixed mortgage rate in Pawtucket, Rhode Island is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Pawtucket?
Based on the median home price of $285,000 with 20% down, the estimated monthly mortgage payment in Pawtucket is $1,467 for principal and interest. Including property taxes of $387/month, the total monthly housing cost is approximately $1,854.
What income do I need to buy a home in Pawtucket?
Using the 28% rule, you would need an annual income of approximately $79,457 to afford the median-priced home in Pawtucket at $285,000. The median household income in Pawtucket is $42,250. This means most households would need to either earn above the median or consider homes below $285,000.
Is Pawtucket a good place to buy a home in 2026?
Pawtucket has a moderate cost of living with a cost of living index of 100.5 (national average = 100). The property tax rate in Rhode Island is 1.63%, which is above the national average. Pawtucket has a population of 75,604 and offers a balanced lifestyle.
Mortgage Rates in Other Rhode Island Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pawtucket, Rhode Island area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.